The company generated SR42m in operating profit in the first three months of the year, reversing a loss of SR58m in the same period in 2012, Sahara said in a filing to the Saudi Stock Exchange.

Sahara Petrochemicals also cited improvement in the performance of its affiliate Al Waha Petrochemicals, as well as “relative stability in production”, among the reasons for its better financial results in the first quarter of 2013.